| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10614 |
| 来源ID | Working Paper 10614 |
| Unbiased Estimation of the Half-Life to PPP Convergence in Panel Data | |
| Chi-Young Choi; Nelson Mark; Donggyu Sul | |
| 发表日期 | 2004-07-19 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Three potential sources of bias present complications for estimating the half-life of purchasing power parity deviations from panel data. They are the bias associated with inapproiate aggregation across heterogeneous coefficients, time aggregation of commodity prices, and downward bias in estimation of dynamic lag coefficients. Each of these biases have been addressed individually in the literature. In this paper, we address all three biases in arriving at our estimates. Analyzing an annual panel data set of real exchange rates for 21 OECD countries from 1948 to 2002, our point estimate of the half-life is 5.5 years. |
| 主题 | Econometrics ; Estimation Methods ; International Economics ; International Finance |
| URL | https://www.nber.org/papers/w10614 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568245 |
| 推荐引用方式 GB/T 7714 | Chi-Young Choi,Nelson Mark,Donggyu Sul. Unbiased Estimation of the Half-Life to PPP Convergence in Panel Data. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10614.pdf（250KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
